I Am On A Payment Plan With Irs And Wanted To Know If They Will Still Take My Tax Return?

1. Anonymous Says

   Your tax return is what you file, not what you receive. Money that you get back when you file your return is called a REFUND.
   If you are on a payment plan the IRS will automatically offset any overpayments and refunds and apply that against your debt. That’s very clearly explained in the agreement that you signed with the IRS.
   The IRS has reciprocal agreements with most states for offset of each other’s income taxes. If your state does, your state refund is subject to offset as well.

2. Bostonian In MO Says

   yes, they will offset your refund.
   They are not going to refund money to you when the net balance is that you owe them.
   The good news is that your refund from this year will pay down your debt and you’ll be that much closer to putting this behind you. If your refund is more than what you owe, they’ll take enough to clear up your debt entirely and send you any remaining amount.

3. SmartA$$ Says

   That depends on the terms of your plan. You DO realize that if you let them take it, you will end up paying less in the long run due to reduce interest right?

4. the kid Says

   entirely possible
   and if you are on a payment plan for your state taxes as well, the same holds

5. tro Says

   Yes they will until you’ve paid back what you owe.

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